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Jan 20, 2013
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Oct 12, 2013
10/13
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the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back ats
the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back ats
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Oct 12, 2013
10/13
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the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back at this point until monday night. the senate is also in recess. that could change, but right now at least as a body, it doesn't look like they're working very hard. >>> very, very high stakes. athena jones, thank you very much. >> thanks. >>> for those of you just joining us, senate democrats justhood a news conference on the negotiations and the shutdown on the debt ceiling. senate majority leader reid said there is a long way to go with fiscal talks with rep leader mitch mcconnell. >>> he also said the government must be able to pay its bills. let's bring you up to speed with what's happening today. the senate defeated a procedure move by majority democrats to bring up a clean debt limit bill. the vote was 53-45. the white hous
the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back at this point until monday night. the senate is also in recess. that could change, but right now at least as a body, it doesn't look...
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Dec 22, 2013
12/13
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are they going to manage concessions before raising the debt ceiling? >> i guess i can't really speak for republicans. my thoughts are if the american people don't believe we have a debt ceiling because we always increase it, and they don't believe we have the discipline in washington. there is a positive out of what happened last week, is, yeah, we can come together and agree. what, david, i would say to you is the reason we're in trouble on deficits and debts is not because we didn't agree but because we did. we agreed to spend $740 billion we didn't have last year. we agreed to waste $30 billion as i put out the waste book in year. we agreed to continue to let medicare have $80 billion a year in fraud in it. we're going to have $80 billion a year in fraud in obamacare. we agreed to all those things. so the story coming out of washington that we don't get along, i would dispute that. we get along just fine with the status quo of the government being ineffective and inefficient. so we pass a bill that raises spending and raises taxes and denies what we
are they going to manage concessions before raising the debt ceiling? >> i guess i can't really speak for republicans. my thoughts are if the american people don't believe we have a debt ceiling because we always increase it, and they don't believe we have the discipline in washington. there is a positive out of what happened last week, is, yeah, we can come together and agree. what, david, i would say to you is the reason we're in trouble on deficits and debts is not because we didn't...
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Jan 6, 2013
01/13
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the debt ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt 2013, 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator durbin has done some hard work with the republicans on entitlement recome form. if you raise the debt ceiling by a dollar, you should cut spending by a dollar. that's the way to go forward. we need a budget. our democratic friends haven't passed a budget in three years contrary to the law of the land and why raise money and spend it if you don't have a budget. a dollar for dollar offset and a budget two conditions to raising the debt ceiling. >> you won't raise it unless you've got cuts certain in spending. you will not raise the debt ceiling. >> i'm not going to borrow trillions more dollars without a plan to
the debt ceiling. >> i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired. every american owes $52,000 in terms of their share of the national debt. we've raised the debt ceiling last august. we went through $2.1 trillion in 17 months. the size of the debt 2013, 2037 will be twice the size of the economy. i want to raise the debt ceiling, but i will not do it without a plan to get out of debt. senator durbin has...
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Jan 14, 2013
01/13
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the debt ceiling, 60% plus of americans will say don't raise the debt ceiling. we have a big educational hurdle among the american people and i think also among some members of congress. there is no space in the law for a president to do this with the 14th amendment. they have made that clear repeatedly. and i think, you know, harry reid and some members of the senate are looking to be bailed out by the president here. i think what you're going hear from the president rightly is i think he's going to tell congress, i think he's going to tell both houses of congress i await your bill. you created this problem, work together and come up with a solution and send it to me that raises the debt ceiling that does not allow the country to fall into default. >> margie, another thing he's going to talk about i presume later today at 11:15 is vice president biden who is going to present the recommendations from his gwen gun task force tomorrow. but there are also some things that's been suggested that he can do independently as president, new importation on weapons and tou
the debt ceiling, 60% plus of americans will say don't raise the debt ceiling. we have a big educational hurdle among the american people and i think also among some members of congress. there is no space in the law for a president to do this with the 14th amendment. they have made that clear repeatedly. and i think, you know, harry reid and some members of the senate are looking to be bailed out by the president here. i think what you're going hear from the president rightly is i think he's...
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nation's debt ceiling, is there another way to either raise the debt ceiling or keep paying the nation's bills? back in 2011, the former president bill clinton suggested the 14th amendment to the constitution potentially could be used to avoid a government default and here is why. part of the amendment says this. i'm quoting. the public debt of the united states shall not be questioned. back in 2011, the white house rejected the idea of using that 14th amendment to take action on its own, but this time, it doesn't appear -- maybe not completely to be ruling it out, although some officials say the president has no intention of doing so. some members of the senate, including the senate finance committee chairman, max balkas sa needs to be taken into koorgs. jeffrey toobin, what do you say is in the 14th amendment could it in an emergency be used by the president to zi go aheraise financial obligations without a formal vote in the senate or the house? >> wolf, this is one of the paradoxes of the constitution. article one of the constitution very clearly says it's up to congress to borrow mo
nation's debt ceiling, is there another way to either raise the debt ceiling or keep paying the nation's bills? back in 2011, the former president bill clinton suggested the 14th amendment to the constitution potentially could be used to avoid a government default and here is why. part of the amendment says this. i'm quoting. the public debt of the united states shall not be questioned. back in 2011, the white house rejected the idea of using that 14th amendment to take action on its own, but...
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Oct 7, 2013
10/13
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the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which is raise it so that the united states can continue to pay its bills and continue to ensure that the world knows we are good to our word and we fulfill our obligations, and when it comes up again, our position will still be, we will not negotiate over congress's responsibility is to pay the bills that congress racked up. so, i think a way to view this is really around the issue of certainty. constructive is past experience in our recent task here to demonstrate how this works. in 2011, republicans and the firstecided for time in our history to threaten default if they did not get what they want
the debt ceiling, that the longer you raise the debt ceiling or, the better, and we will -- the debt ceiling for, the better, and we will support a movement to raise the debt ceiling for year. that would certainly be viewed here is something we did support. but we don't get to make those determinations. what our position has always been was not raise it for a certain amount of time. it has been raise the debt ceiling without drama and delay. , ourver the duration position will not change, which...
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Oct 10, 2013
10/13
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ok, we will vote to raise the debt ceiling. our people did not like any raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce spending $2.1 trillion and a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. he proposed to spend another trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a capitulation in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt
ok, we will vote to raise the debt ceiling. our people did not like any raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce spending $2.1 trillion and a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. he proposed to spend another trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
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Oct 10, 2013
10/13
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you can make a direct line between the shutdown and not raising the debt ceiling to jobs. this is a congress that used to be -- a city, washington, that used to be obsessed with who was doing more to create jobs. no one there is creating jobs. they're extending people home and talking about a forced recession by balancing the budget, by not raising the debt ceiling. that effectively balanced the budget like that overnight. doing that would almost certainly drive the u.s. economy into a recession. none of these people, none of these people win if that happens. >> what's so frustrating, you can't say there's a silver lining. we're saving all that money with the shutdown. because we're not. we're paying people not to work at a time when we have massive debt. jeffrey toobin after the break i want to ask you about six weeks. you're a former federal government man, former prosecutor. really, can we do anything in six weeks? think about that. you've got three minutes and we're back right after this. talk about being put on the spot. ♪ ♪ store and essentially they just get sol
you can make a direct line between the shutdown and not raising the debt ceiling to jobs. this is a congress that used to be -- a city, washington, that used to be obsessed with who was doing more to create jobs. no one there is creating jobs. they're extending people home and talking about a forced recession by balancing the budget, by not raising the debt ceiling. that effectively balanced the budget like that overnight. doing that would almost certainly drive the u.s. economy into a...
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Jan 1, 2013
01/13
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it will take an act of congress to raise the debt ceiling. that's what we're looking at in the short term, whether the republicans can get this passed out of the house of representatives tomorrow or the following day, and two months down the line, because the deal they struck tonight, milissa, carries the seeds of further confrontation, bigger confrontation, one more thing, joe biden when he left the meeting stopped by the pool camera outside the senate chamber and said it will be a tough vote. never predict how the senate or house will vote. he asked what was his selling point to democrats? and his one word answer? me. milissa. >> let's go back to what you were saying earlier if we could. you were talking about the relationship in this deal with between john boehner and mitch mcconnell. much has been said about -- john boehner between a rock and a hard place in all of this. >> a very tough spot. >> could you expand on that a little bit? >> sure. it was very clear after the election -- remember, the day after the election, john boehner appear
it will take an act of congress to raise the debt ceiling. that's what we're looking at in the short term, whether the republicans can get this passed out of the house of representatives tomorrow or the following day, and two months down the line, because the deal they struck tonight, milissa, carries the seeds of further confrontation, bigger confrontation, one more thing, joe biden when he left the meeting stopped by the pool camera outside the senate chamber and said it will be a tough vote....
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Oct 13, 2013
10/13
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why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major test the something is not done. front page of "cq weekly" talks about the debt deadline -- just to read you a little bit of that article in this week's "cq weekly" -- anthony is on the republican line. i am wondering if mandatory spending is the same as the law that was passed in years ago which any federal agency that provides funds has to spend their entire funds for the year to receive the 10% the following year. is that what the republicans in congress are trying to cut back on so this debt is not floated out of the water, which i feel tha
why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major...
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Jan 5, 2013
01/13
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we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt reduced over time. host: our guest john hoeven is former president and ceo of the bank of north dakota and a graduate of dartmouth and went to northwestern university. on facebook -- guest: i think, again, we've got to get to the point where we are moving the legislation across the floor in a clear, open, transparent manner where it is debated, the public is aware of what is getting funded and what is not getting funded, so there is broad public support for things that have merit and they are funded. and the things that are not, in that debate back and forth
we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt...
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Jan 14, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small-business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials would not get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet. markets could go haywire. interest rates would spike for anyone who borrowed money. every homeowner with a mortgage, every student with the business -- every student with the student
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's...
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Jan 12, 2013
01/13
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we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a ripple effect. bottom line, hyper inflation maybe, but definitely rising prices, less money in our pockets. >> okay. i think we're trying to -- starting to get it back to where i wanted to get with you, which is talk more about what this is going to mean for the average person at home and when we talk about credit ratings and credit histories, we all have our own credit ratings that we have to worry about that we try to maintain a good credit history and a good standing with potential lenders out there. so what does it mean, if i pay all of my bills
we're gonna raise it most likely, the debt ceiling. we'll probably see a lot of discussion from the rating agencies with our ability to pay on that. and as a result of it, and what it comes back to our wallet, is that is also going to be inflationary because of our credit rating drops, that means we're going to have to go out and actually pay more money on the interest because there is going to be greater risk on our bonds, which means there will be less money in the economy and we'll see a...
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we could say we're shutting down the government, we're not going to raise the debt ceiling, until you pass immigration reform. >> i know you believe, senator, that the speaker is going to blink, that the house republicans are going to blink. >> i do. >> if they do not, what happens on october 17th? is it preferable to have the default than the negotiations? >> the negotiation you have is one with a gun held to your head. it will lead to a future negotiation like that and a future one. if you go for this hostage-taking once, and the president did in 2011, it doesn't go away. it comes back worse and worse and worse. and the whole full faith and credit in the united states currency and the united states dollar, goes down the drain. it's the damage that's far greater than the damage that speaker boehner seeks so undo by somewhat reducing the budget deficit. and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing d
we could say we're shutting down the government, we're not going to raise the debt ceiling, until you pass immigration reform. >> i know you believe, senator, that the speaker is going to blink, that the house republicans are going to blink. >> i do. >> if they do not, what happens on october 17th? is it preferable to have the default than the negotiations? >> the negotiation you have is one with a gun held to your head. it will lead to a future negotiation like that and...
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Oct 11, 2013
10/13
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economy needs now is a fight over whether we raise the debt ceiling. not when we face serious challenges both the mystically and internationally that require full attention, and not when we know the kind of damage the financial and economic crisis can cause. thank you, and i look forward to answering your questions. >> i would like to focus a little bit on the concept that some suggest is the way out of this problem, and some suggest is feasible. and i disagree with, called prioritization. can you just briefly tell us what is the decision you would have to make as treasury assuming interest was paid on ?he debt i know you cannot tell us which ones, nor should you tell us him a social security, medicare, military, farm program, what not, but to go through the process, described with the actual legal and administrative problems and consequences would thatnd include how much would be, my understanding it is 70-80% of the programs could be paid, and what effect it would have on the gross to mystic product. ,alk us through prioritization please. dash on the
economy needs now is a fight over whether we raise the debt ceiling. not when we face serious challenges both the mystically and internationally that require full attention, and not when we know the kind of damage the financial and economic crisis can cause. thank you, and i look forward to answering your questions. >> i would like to focus a little bit on the concept that some suggest is the way out of this problem, and some suggest is feasible. and i disagree with, called...
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Oct 17, 2013
10/13
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ALJAZAM
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and raising the debt ceiling again in the middle of february. so we will be right back to have this discussion in just a few months. so, again, no real budget being passed in washington. the dysfunction continues, the vote in the house was 285-143. so you still have a majority of the republicans in the house voting against any kind of ideal. in the senate it was moreover women, almost everyone votes, almost all of the -- the majority of the republicans in the senate did vote for this bill. so the senate continues to be more moderate than the house on the republican side. but there is still some very serious divisions within the republican party and, again, no ability to cut a longer term deal that really deals with the deficit, with the debt with the real issues that face this country think president obama talked about this deal and he said that the american people had lost trust in washington. and there is little doubt about that. the wall street journal article that talked about the winners and losers in this whole debt and government shutdown
and raising the debt ceiling again in the middle of february. so we will be right back to have this discussion in just a few months. so, again, no real budget being passed in washington. the dysfunction continues, the vote in the house was 285-143. so you still have a majority of the republicans in the house voting against any kind of ideal. in the senate it was moreover women, almost everyone votes, almost all of the -- the majority of the republicans in the senate did vote for this bill. so...
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Jan 15, 2013
01/13
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not raising the debt ceiling. then this morning former house speaker newt gingrich weighed in saying the gop congress is coming out a loser. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we are in a position where we can't in fact in the end enforce our will. we have no evident that barack obama is going to compromise. >> sir, you voted for the deal, but you have also said you wouldn't vote to raise the debt ceiling. are you still firm on that? congressman yoho, can you hear me? >> yeah, go ahead. >> i was saying, yeah, you have said that you will not vote to raise the debt ceiling, however you did vote for the fiscal cliff deal. do you still stand firm on the debt ceiling position? >> we, no, sir, i didn't vote for the fiscal cliff deal. i wasn't sworn in yet. but it's like we've
not raising the debt ceiling. then this morning former house speaker newt gingrich weighed in saying the gop congress is coming out a loser. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we are in a position where we can't in fact in the end enforce our...
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Jan 10, 2013
01/13
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Jan 15, 2013
01/13
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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Jan 14, 2013
01/13
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KGO
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Sep 20, 2013
09/13
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FOXNEWSW
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>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire. legislative arsonists are at work when they start using the debt limit. >> it sounds like chuck schumer has been playing too many violent vid owe games. >> obamacare is dead, dead. a waste of time, as i said before. >> obamacare is driving up the cost of health care. destroying american jobs. >> it is a train wreck. house republicans have showed the courage they are showing now that they continue to stand up. the house is the one branch of government they have a majority. >> speaker boehner even re-elised a web video blasting president obama for negotiating with the russian president but not his own cong
>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire....
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Jan 14, 2013
01/13
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KOFY
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Sep 30, 2013
09/13
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CSPAN
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this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the majority for concessions. you can argue whether it is healthy or unhealthy, but its very existence leads to the kind of showdown we are having now. question about where the money comes from when we raise the debt ceiling. why can't we just print more money? aren't we doing that every month now? guest: right. ok, it is really important to distinguish between the banking system, the federal reserve and the banks, and how money is created in a modern capitalistic economy versus what the government spends. congress does not have any right to print money. the feder
this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the...
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ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage will have been done even if that were constitutional. >> 14th amendment says the validity of the public debt, shall not be questioned. so does that give the president potentially, worst case, nightmare scenario, the u.s. about to default, an opening? >> no one know, wolf. no one knows whether the president has this power. and it's a measure of the desperation of the system that people are reading into the 14th amendment this power as somehow the president says a rabbit out of the hat to allow him to bypass congress. but i think there
ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage...
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Oct 10, 2013
10/13
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the debt ceiling. i think the markets are up over 200 points so far today, which is encouraging to the markets. there was blinking on both sides going on, assuming the short-term deal is accepted by the white house. on the republican side, they've walked away, in terms of raising the nation's debt ceiling for many of the earlier demands about specific changes to obama care, anything along those lines, as far as the debt ceiling. the democratic side and the president's side if he accepts this, if harry reid accepts it, they have to do in order to continue the negotiations over reopening the government and ending the government shutdown, they have to do what dana told us about, this joint house senate conference committee appoint conferrees to talk about long-term debt and the other issues that they have to talk about, as far as a budget is concerned. harry reid had been reluctant to do it, though the democrats had been pushing it for months to have a house senate budget committee, republicans reluctant
the debt ceiling. i think the markets are up over 200 points so far today, which is encouraging to the markets. there was blinking on both sides going on, assuming the short-term deal is accepted by the white house. on the republican side, they've walked away, in terms of raising the nation's debt ceiling for many of the earlier demands about specific changes to obama care, anything along those lines, as far as the debt ceiling. the democratic side and the president's side if he accepts this,...
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Oct 9, 2013
10/13
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WUSA
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if congress raises the debt ceiling it could get worse. >> reporter: the u.s. treasury already using emergency measures to pay its bills but by october 17th will be down to $30 billion. >> reporter: mark patterson former treasury chief of staff under president obama says before the end of this month the u.s. government will owe $12 billion in social security payments and $6 billion in interest payments on the debt. and on the first of next month, another $58 billion is due in social security, medicare, and military and veterans benefits. the president would have to decide who to pay and who to delay. >> when i was at the treasury, we looked at all the options for sort of contingency plans. they all have sort of god-awful consequences. >> reporter: if, for example, the government can't pay interest on the treasury bills, it could cause chaos in the financial markets. as lloyd blankfein said at the white house last week -- >> we're the most important economy in the world, reserve currency in the world. payments have to go out to people. if money doesn't flow in,
if congress raises the debt ceiling it could get worse. >> reporter: the u.s. treasury already using emergency measures to pay its bills but by october 17th will be down to $30 billion. >> reporter: mark patterson former treasury chief of staff under president obama says before the end of this month the u.s. government will owe $12 billion in social security payments and $6 billion in interest payments on the debt. and on the first of next month, another $58 billion is due in social...
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Oct 17, 2013
10/13
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the government will reopen, the debt ceiling raised, only a small sort of concession on obama care has to do with income verifications. >> let me cut in, kristin, because i believe the fine vote may be tallied, pat leahy, i do believe we have a vote. >> without objection, the motion is agreed to. under the previous order, the senate will proceed to the consideration, resolution 25, which the clerk will report. >> calendar number 33. >> harry reid, speaking to reporters right now. >> the shutdown has hurt our economy to a significant degree. but we were able to work it out, so we're here and no need to have anymore losses. we have been able to come together for a lot of different reasons. i appreciate the work of a number of senators. but i think one of the most important things that we have been able to do is get senator mcconnell and i together. i'm grateful that mr. alexander, being the peace maker he is, suggested they start to do what they could to engage senator mcconnell and i. and as a result of that, i think we were able to talk and hopefully develop a strong relationship. sena
the government will reopen, the debt ceiling raised, only a small sort of concession on obama care has to do with income verifications. >> let me cut in, kristin, because i believe the fine vote may be tallied, pat leahy, i do believe we have a vote. >> without objection, the motion is agreed to. under the previous order, the senate will proceed to the consideration, resolution 25, which the clerk will report. >> calendar number 33. >> harry reid, speaking to reporters...
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Oct 8, 2013
10/13
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because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says, you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans benefits or social security. whatever it is that congress has already authorized, what this does is make sure that we can pay those bills. now, the last time that the tea party republicans flirted with the idea of default two years ago, markets plunged, business and consumer confidence plunged, america's credit rating was downgraded for the first time. a decision to actually go through with it, to actually permit default, according to many ceos and economists, would be, and i'm quoting here, insane, catastrophic, chaos. these are some of the more polite words. warren buffett likened default to a nuclear bomb, a weapon too horrible to use. it would disrupt markets. it would undermine the world's confidence in america as the bedrock of the global economy. and it might perm faane
because it's called raising the debt ceiling, i think a lot of americans think it's raising our debt. it is not raising our debt. it does not add a dime to our debt. it simply says, you pay for what congress has already authorized america to purchase. whether that's the greatest military in the world or veterans benefits or social security. whatever it is that congress has already authorized, what this does is make sure that we can pay those bills. now, the last time that the tea party...